Let me first start by saying integrating risk management into strategic planning is NOT doing a strategic risk assessment or even having a risk conversation at the strategy setting meeting, it is so much more. You will also find it difficult to relate if the objectives have not been defined or documented in your company… Continue reading 4 steps to integrate risk management into strategic planning

Over the years, risk managers have tried various ways to get the business units to participate in the risk management process. Some simplified the risk identification and assessment methodologies, others complicated them. The result in both cases was the same – disappointment. Best case scenario – annual or quarterly risk assessments were perceived as a necessary evil with most employees ignoring them and few actively resisting.

Did it ever strike you as odd, that risk management is supposed to be a support function, yet business units are constantly required to provide the information to the risk managers and not the other way around? It almost feels like the business is there to support risk managers in doing their job.

Maybe, just maybe, it is time for the risk managers to stop living in a universe, where the business is regularly required to provide information, participate in risk assessments and to contribute to lengthy discu

NEWSLETTER

Enter your email address to follow this blog and receive notifications of new risk management articles by email.

Join 1,513 other subscribers

Email Address

SEARCH

Search for:

ABOUT

RISK ACADEMY - the risk management portal. Free risk management video courses and templates for large non-financial companies, as well as small and medium-sized-sized businesses. The information provided would also be useful for students and academics.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here:
Cookie Policy

BUY ME A BEER

Buy me a beer so I have the fuel to continue to produce quality content on all topics risk management